Positions | Today | Yesterday | Change |
---|---|---|---|
Longs | 40% | 46% | -16.6% |
Shorts | 60% | 54% | 10.8% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Sell | Buy | Sell |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Neutral | Neutral | Neutral |
Alligator(13;8;5) | Neutral | Neutral | Neutral |
SAR(0.02;0.2) | Buy | Sell | Buy |
Aggregate | ⇒ | ⇒ | ⇒ |
Yesterday, the US Dollar consolidated against the Japanese Yen at 108.60. During Friday morning, the USD/JPY currency pair traded at 108.50.
Note that the exchange rate is pressured by the 55-, 100- and 200-hour moving averages, currently located in the 108.56/108.71 area. Thus, some downside potential could prevail, and the rate could target the weekly S1 at 108.28.
However, note that the currency pair could gain support of the Fibonacci 38.20% retracement at 108.44. If the given support holds, the Greenback could continue to consolidate against the Japanese Yen in the short term.